You lose money trading cuz 1) your trading model [algorithm] failed and gave
a “false positive”, OR 2) you engaged in some form of “stupid shit” … if you
know your algorithm “inside & out”, you will know and understand where and
when it’s most vulnerable … every algorithm has AT LEAST ONE LIMITATION,
& QUITE POSSIBLY A WHOLE HELLUVA LOT MORE … the “Super Scalper
Algorithm” needs VIX, & therefore a “Trading Ratio” [TR] of at least 2.7
… anything under that and fugetaboutit! … for NDX100 & Bitcoin, this isn’t a
problem … you also need to be able to execute trades under conditions that
are most favorable … for Bitcoin that’s trading at IQCENT where the spread is
1 penny and there are no commissions … there are a lot of houses where you
can trade NDX100 at around a 0.7 index point spread when the NYSE is open
[9:30 AM EST - 4 PM EST] … and if you have a house that you’re comfortable
with trading NDX100, great … why I like IQCENT, is the fact that for marginable
leverage they give you 500:1 leverage for accounting purposes … that’s a lot of
rope for anybody, and you can be as aggressive as you wish! … I don’t know of
any other house that gives that high of leverage for stock indices … taken
together as a “Plan A & B”, IQCENT allows this option to be viable … I don’t
know of another house that does.
Learn from “stupid shit” … “stupid shit” = valuable information that can prevent
it from recurring … everybody at some point does “stupid shit” … yours truly is
right at the top of the list … remember it, don’t do it again, and “let it go!” move
on Skippy!
The biggest killer of missed opportunity is THINKING while trading … quite
frankly, the algorithm has done all of the thinking already, my [your] job is to
“just do it” … yesterday a perfect example in the NDX100, where rotten data
from overnight with the ChiComs has indices throttled … how can it rally?
… and then it does, in spades, with the New York afternoon ripping shorts to
pieces … and along the way some great algo buy signals … and when you sit
back and think about the day when it’s over, before letting it go and moving on,
you realize that for decades everybody and their pet rabbits have been
screaming DEPRESSION & STOCK MARKET CRASH … AGAIN! … and outside
of the COVID HOAX, all of the Wall Street “experts” get it wrong almost 100%
of the time … and more importantly, looking at the data, the “88/6/6” paradigm
of trading in stock indices is alive and well and ain’t goin’ away anytime soon!
… there is no other market complex that gives LONGS more favorable
advantage than U.S. stock indices [DOW30, SP500, & NDX100] … NONE, not
even close!
And yet, your brain starts finding reasons not to jump on the “rally train” as it’s
leaving the station … “oh, but what about that overnight bad data?” … yea, what
about it? … nobody cares!, and price rising is telling you that … and as a short
term trader, you have to pick up on this … the world loves tech “Stonks” and the
news doesn’t matter after about 3 minutes … and the BTFD-ers are always
waiting and lurking around, as well as the “Plunge Protection Team” [PPT] to
screw shorts unmercifully … unless the ticker tape is telling you it’s going down,
IT AIN’T!
Turning to today’s “Slots-A-Rama” inside the “Stock Bellies” pavilion inside the
world’s most corrupt and rigged casino, the day’s econ highlights are retail sales
at 8:30 AM EST … Vampire Squid [GS] looking for a “big miss” to the downside,
so you know they’re positioning their “Muppets” for slaughter.
Well, that escalated quickly didn’t it? … the “du jour” let’s screw news traders
comes & goes … a double reversal here at Noon … sure, why not … double / triple /
??? / why not in the freight train that only knows one way to go, except when
they clean out longs for the hustle … I shouldn’t be surprised, but I am … good
grief, what a bunch of delusional FUBAR markets … THE FINANCIAL BUBBLE IS
BEING REFLATED QUICKLY!
I said earlier you need decent execution … maybe I should have reread that line
on my first trade today … how long have I been in this biz? … just stunk the joint
up … multiple NDX100 trades today, PAMM DOWN A LITTLE MORE THAN 0.1%
… the trading algorithm was brilliant … I wasn’t … No trades for “The Syndicate”
today … onto tomorrow.
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
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